Globant SA (GLOB) – Investment Analysts’ Recent Ratings Updates

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Several brokerages have updated their recommendations and price targets on shares of Globant SA (NYSE: GLOB) in the last few weeks:

9/14/2016 – Globant SA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
9/13/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $43.00 price target on the stock.
9/8/2016 – Globant SA is now covered by analysts at Wedbush. They set an “outperform” rating and a $48.00 price target on the stock.
9/7/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $43.00 price target on the stock.
8/30/2016 – Globant SA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
8/23/2016 – Globant SA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
8/16/2016 – Globant SA was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
8/11/2016 – Globant SA had its price target raised by analysts at Citigroup Inc. from $41.00 to $48.50. They now have a “buy” rating on the stock.
8/11/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Pacific Crest.
8/11/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $37.00 price target on the stock.
8/11/2016 – Globant SA had its price target raised by analysts at JPMorgan Chase & Co. from $43.00 to $45.00. They now have an “overweight” rating on the stock.
8/8/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $43.00 price target on the stock.

Globant SA (NYSE:GLOB) remained flat at $40.07 during mid-day trading on Tuesday. The company’s stock had a trading volume of 118,049 shares. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 42.18 and a beta of 1.20. Globant SA has a 52 week low of $22.50 and a 52 week high of $44.81. The firm’s 50-day moving average price is $40.87 and its 200 day moving average price is $37.43.

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Globant SA (NYSE:GLOB) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $79.90 million for the quarter, compared to analyst estimates of $76.81 million. Globant SA had a net margin of 11.46% and a return on equity of 20.00%. The firm’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Equities research analysts expect that Globant SA will post $1.19 earnings per share for the current fiscal year.
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

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